Ceigall India is preparing to launch a book-built IPO valued at Rs 1,252.66 crores. This issue includes a fresh issuance of 1.71 crore shares, amounting to Rs 684.25 crores, and an offer for sale of 1.42 crore shares, totaling Rs 568.41 crores.
The Ceigall India IPO will open for subscription on August 1, 2024, and close on August 5, 2024. The allotment is expected to be finalized on Tuesday, August 6, 2024, with the IPO listing on the BSE and NSE tentatively scheduled for Thursday, August 8, 2024.
Ceigall India Limited (CIL) operates in the Infrastructure Industry. Founded in 2002, they specialize in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways, and runways.
The price band for the Ceigall India IPO is set between ₹380 and ₹401 per share.
ICICI Securities Limited, IIFL Securities Ltd, and JM Financial Limited are the book-running lead managers for the Ceigall India IPO, with Link Intime India Private Ltd acting as the registrar for the issue.
Ceigall India IPO Details:
| Company Name | Ceigall India Limited |
| Sector | Infrastructure |
| IPO Type | Mainboard |
| IPO Open date | 01st Aug 2024 |
| IPO Close date | 05th Aug 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Ceigall India IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 6000 | 1,26,000 |
| sHNI (Min) | 2 | 12000 | 2,52,000 |
| bHNI (Min) |
Ceigall India IPO Timeline:
| IPO Open Date | 01st Aug 2024 |
| IPO Close Date | 05th Aug 2024 |
| Basis of Allotment | 06th Aug 2024 |
| Refund Initiation Date | 07th Aug 2024 |
| Shares Credit to Demat | 07th Aug 2024 |
| Listing Date | 08th Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Ceigall India’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Infrastructure Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Ceigall India and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
